Other equities research analysts have also recently issued reports about the stock. Bank of America Corporation raised their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a buy rating in a research report on Friday, June 30th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a buy rating in a research report on Friday, July 14th. ValuEngine raised shares of Comcast Corporation from a hold rating to a buy rating in a research report on Thursday, July 13th. TD Securities initiated coverage on shares of Comcast Corporation in a research report on Thursday, July 13th. They issued a buy rating and a $51.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $45.00 target price on shares of Comcast Corporation in a research report on Sunday, July 9th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $45.83.
Comcast Corporation (NASDAQ:CMCSA) traded up 0.87% during midday trading on Tuesday, reaching $37.22. 14,577,651 shares of the company’s stock traded hands. The stock has a market cap of $175.43 billion, a P/E ratio of 18.75 and a beta of 0.98. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company’s 50-day moving average price is $37.87 and its 200-day moving average price is $39.19.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same period last year, the company posted $0.83 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post $2.05 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.69%. Comcast Corporation’s payout ratio is 31.74%.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,982 shares of company stock valued at $385,050. 1.28% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC increased its stake in Comcast Corporation by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares in the last quarter. Zions Bancorporation increased its stake in Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares in the last quarter. Clear Perspective Advisors LLC increased its stake in Comcast Corporation by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC bought a new stake in Comcast Corporation during the 2nd quarter valued at about $107,000. Finally, First Bank & Trust increased its stake in Comcast Corporation by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. Institutional investors and hedge funds own 81.84% of the company’s stock.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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